Hawai'i Natural Energy Institute Issues Contract for Altairnano
ALTI-ESS Advantage 2-Megawatt Advanced Energy Storage System
Purchase Marks the Third Altairnano System for Renewable Energy and
Grid Stabilization Demonstration Projects in the State of Hawai'i
RENO, NV -- (Marketwire) -- 01/14/13 -- Altair Nanotechnologies Inc.
(Altairnano) (NASDAQ: ALTI), today announced it was awarded a firm
contract with the Hawai'i Natural Energy Institute (HNEI) of the
University of Hawai'i at Manoa to supply a 2-Megawatt (MW) ALTI-ESS
Advantage energy storage system for a grid stability demonstration
HNEI selected Altairnano and the ALTI-ESS Advantage after two prior
energy storage system purchases focused on renewable energy
integration. The ALTI-ESS Advantage supplies 2 MW of power and 397
kWh of energy as part of a new product offering that has a 25 percent
smaller footprint and lower cost per MW than the product it replaced.
The research project, funded through a grant from the Office of Naval
Research, will help validate the performance characteristics of the
ALTI-ESS Advantage and demonstrate the effectiveness of energy
storage to integrate solar photovoltaic power generation into the
"With this project, we will continue important work to validate the
effectiveness of advanced energy storage systems in improving the
electric grid, reducing emissions and providing the citizens of
Hawai'i with continued growth in the use of renewable energy," said
Dr. Rick Rocheleau, executive director of HNEI.
"Energy storage systems will play a critical role in the integration
of renewable sources of energy into the grid," said Alexander Lee,
chief executive officer of Altairnano. "We are very pleased to build
upon our relationship with HNEI, and look forward to integrating our
newest system, the ALTI-ESS Advantage, into our third renewable
energy project with HNEI."
The Office of Naval Research is providing funding for the project
through a grant to the University of Hawai'i. Projects that support
the Department of Navy's energy programs to demonstrate technologies
that enable increased implementation of alternative energy sources
and promote energy security was made possible by the efforts of the
late Senator Daniel K. Inouye, Senate Appropriations Chairman, to
ensure that the Department of Defense has adequate resources to make
these critical, cutting-edge investments in energy technology.
About Altairnano, Inc.
Altairnano is a leading provider of
high-power, energy storage systems for the electric grid, industrial
equipment and transportation markets. The company's lithium titanate
technology is built on a proprietary nano-scale processing technology
that creates high-power, rapid-charging battery systems with
industry-leading performance and cycle life. Altairnano is
headquartered in Reno, Nev. and maintains operations in Anderson,
Ind.; Zhuhai, China; and Wu'an, China. For additional information,
please visit www.altairnano.com.
About The Hawai'i Natural Energy Institute
HNEI is a research unit in the School of Ocean and Earth Science and
Technology (SOEST) of the University of Hawai'i at Mānoa. HNEI
began operations in 1974 and was formally established in statute by
the Hawai'i State Legislature in 2006 under Act 235 with a mandate
that includes development of renewable sources of energy for power
generation and transportation, and to demonstrate and deploy
efficient energy end-use technologies including those that address
peak electric demand issues for Hawai'i's electrical power grids.
HNEI coordinates its work closely with the State Energy Resources
Coordinator in support of the Hawai'i Clean Energy Initiative (HCEI).
Current research includes the areas of hydrogen and fuel cells, ocean
resources and energy systems, fuels and high-value products derived
from locally produced biomass and engineered microbial systems,
batteries and electric vehicles, and photovoltaic systems. HNEI also
conducts research and manages public-private partnership projects
funded by the U.S. Department of Energy and the Office of Naval
Research to identify, model, and validate technology solutions that
enable increased penetration of renewable energy onto the electrical
grids of the different Hawai'i islands thus helping to reduce fossil
fuel importation and increase Hawai'i's energy security.
Hawai'i Natural Energy Institute (HNEI)
DoD Technical Program Manager
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